AI Image
PepsiCo to cut about 1,000 North American jobs as it seeks to improve performance
Fox Business • • business
Key Points:
- PepsiCo plans to cut about 1,000 jobs across its North American food and beverage operations to streamline the business and improve performance amid weaker demand and rising costs.
- The layoffs follow a lowered full-year 2026 earnings outlook due to challenges including weaker beverage sales volumes, pressure on snack demand, and higher costs.
- The job reductions are expected to occur within the next week, aiming to simplify the organizational structure, speed up decision-making, and focus on growth opportunities.
- Despite a 2% decline in North American beverage sales volume in Q3, PepsiCo reported a 5% revenue increase in the segment and remains focused on innovation, brand building, and sales execution.
- The cuts come amid broader productivity efforts and pressure from activist investor Elliott Investment Management, which holds a stake valued at about $4 billion.
![If you bought an iPhone Duo, have you kept or returned it? [Poll]](https://media-cdn.cashwalklabs.io/https%3A%2F%2Fs3.us-west-2.amazonaws.com%2Fimages.cashwalklabs.io%2F0_admin%2Fnews-ai-images%2F01a1cb91-fbfd-752c-9444-39f022e668ff.webp?format=webp&w=120&h=80)
